VW PULLS $97 BILLION FROM EVS TO FUND MORE ICE CARS

EV Channels Review

Volkswagen has significantly scaled back its electric vehicle (EV) development, diverting €60 billion from its electrification fund back into internal combustion engine (ICE) car development. This strategic shift comes as the company's EV sales have stagnated and even declined, falling short of its ambitious 2025 targets. The expert criticizes this move as a failure of business planning and a retreat from electrification, suggesting that consumer demand for combustion cars remains strong. The review also touches upon the environmental impact of EVs, questioning the 'green' credentials of partnerships like Polestar's with 'Surfers for Climate,' citing lifecycle assessments that show EVs may not be environmentally superior to combustion cars for a significant portion of their use, especially when charged with non-renewable energy. The core message is a call for pragmatic action over virtue signaling in addressing climate change and the automotive future.